MTY Food Group (TSE:MTY) Given a C$51.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$51.00 price target on MTY Food Group (TSE:MTY - Free Report) in a report released on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, Raymond James lowered their target price on MTY Food Group from C$55.00 to C$50.00 in a report on Monday, April 14th.

MTY Food Group Trading Up 0.5%

Shares of MTY traded up C$0.23 during mid-day trading on Thursday, reaching C$42.82. 13,058 shares of the company were exchanged, compared to its average volume of 61,028. MTY Food Group has a 52 week low of C$36.79 and a 52 week high of C$53.16. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. The stock has a market capitalization of C$998.45 million, a PE ratio of 10.69, a PEG ratio of 0.75 and a beta of 1.95. The business has a 50 day simple moving average of C$41.91 and a two-hundred day simple moving average of C$44.90.

MTY Food Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 3.08%. MTY Food Group's payout ratio is currently 27.97%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.